In the world of cryptocurrencies, stablecoins have always played a special role.
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In the world of cryptocurrencies, stablecoins have always played a special role. They were created to address the volatility issues in the cryptocurrency market, providing users with a relatively stable asset that can be used for trading, storing value, and cross-chain operations. Today, the native stablecoin FUSD of the SCF (Standard Cross Finance) Financial Public Chain has emerged, not only as a crucial part of its public chain financial ecosystem but also with a relatively robust operational mechanism and features, attracting attention from various sectors of the market.
The rise of stablecoins is a significant development in the cryptocurrency field. They serve as a "safe haven" in the crypto market, not only helping investors navigate extreme price fluctuations but also providing liquidity to decentralized finance (DeFi) platforms. The concept behind stablecoins is to peg crypto assets to traditional stable currencies like the US dollar to achieve price stability. Compared to other stablecoins in the market, FUSD, introduced by the SCF Financial Public Chain, boasts several advantages that make it highly favored in the cryptocurrency realm.
FUSD is the native stablecoin of the SCF Financial Public Chain, which provides it with higher security and reliability. SCF manages the issuance and burning of FUSD through a set of smart contracts, maintaining the stability of the stablecoin. The issuance of FUSD requires sufficient collateral, and users can obtain FUSD by collateralizing mainstream assets like USDT, SCF, BTC, etc. They can earn multiple returns, including investment returns, loan returns, stablecoin trading fee returns, FinPAY payment returns, and collateral price fluctuation returns. The estimated annualized yield for FUSD ranges from 20% to 300%.
Compared to other stablecoins on the market, FUSD has unique advantages in several ways. Firstly, FUSD is the native stablecoin of the SCF Financial Public Chain, allowing it to integrate more seamlessly into the public chain ecosystem, providing users with more flexible use cases. Additionally, FUSD offers multiple income opportunities, including investment returns, loan returns, stablecoin trading fee returns, FinPAY payment returns, and collateral price fluctuation returns. This diversification of income opportunities may attract more users and investors.
Looking to the future, as the crypto market continues to thrive, the SCF Financial Public Chain anticipates leveraging this immense growth momentum to create a brand new public chain financial ecosystem. To this end, it has introduced eight major ecosystem projects, which encompass Cross-chain Asset Exchange (FinSwap), Financial Soul Tokens (FinSBT), Native Stablecoins (FUSD), Payments and Related Applications (FinPay), Cross-chain Financial Bill Trading Market (FinBill), Derivatives Exchange (FinEX), WEB3.0 Social Platform (FinBox), and the next-generation GameFi (FinSOUL).
The introduction of FUSD represents a new trend in the stablecoin market. It not only possesses market competitiveness but also has promising future development potential. Combined with other ecosystem projects within the SCF Financial Public Chain, it creates anticipation for further exciting developments in the cryptocurrency market and the public chain financial ecosystem as a whole.
Contact Info:
Name: Jo Connie
Email: Send Email
Organization: SCF Chain
Website: http://www.scfchain.io
Release ID: 89109097
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